New Off-Market Businesses For Sale

Absentee salon and spa in FL, Mediterranean grocery-butcher-restaurant in CA, and more...

Todayโ€™s Sponsor

Hello SMB Deal Hunters!

Iโ€™m excited to share 5 new off-market businesses for sale in this weekโ€™s issue of Off The Grid.

As a reminder, these are exclusive deals sourced directly by our team, not represented by brokers and not available anywhere else. First up:

๐Ÿ”Ž Looking for deals in your area? We can source them for you.

This issue is proudly sponsored by SMB Deal Exchange, our new platform for connecting buyers and sellers of off-market businesses.

COMMUNITY WINS

Hereโ€™s what one SMB Deal Hunter Pro member shared this past week:

๐Ÿ”ฅ Last week was a record week! 6 members closed their first deals in a single week.

We helped them source these deals (many off-market), and our M&A advisors worked with them 1:1 to structure winning offers, catch red flags, and secure financing.

Today is Tax Day. Thousands of business owners just signed their returns and saw exactly what they made last year. For a lot of them, that's the moment the retirement math finally clicks.

Every year, the 60 days after April 15th produce some of the best deal flow of the year.

So if you've been waiting for the right time to make a move....

NEW OFF-MARKET DEALS

These deals span the country. For custom-sourced deals in your area, click here.

1/ Mediterranean Grocery, Butcher, and Restaurant

๐Ÿ“ Location: Northern California
๐Ÿ’ผ EBITDA: $600,000
๐Ÿ“Š Revenue: $2,400,000
๐Ÿ“… Established: 2014

๐Ÿ’ญ My 2 Cents: Every neighborhood has a go-to spot for groceries, and when that store also has a butcher counter and a full restaurant, customers have three reasons to walk in on any given day. That's the structural case for a business like this: multiple revenue streams under one roof with shared overhead. This operation has been building that kind of loyalty for over a decade in Northern California. The team flexes between 10 and 14 staff depending on the season, which keeps labor aligned with demand. What really jumped out at me is the 25% EBITDA margin, which is well above what a standalone grocery store would produce and tells you the butcher and restaurant are doing the heavy lifting on profitability. That's worth confirming in diligence because the margin story changes depending on which business line is driving it. The business has never used third-party delivery platforms like Instacart, so there's a clear growth lever a new owner could pull. I'd want to understand the revenue and margin breakdown across the three business lines, what the lease terms look like and how many years remain (a food business with a decade of loyalty is only as valuable as its location), and whether supplier relationships for specialty Mediterranean ingredients carry favorable pricing that a new owner would inherit or need to renegotiate. Worth noting: the owner handles all financials and backend operations himself, which means those functions need to be replaced or systemized post-close.

2/ Absentee Full-Service Salon and Spa

๐Ÿ“ Location: Southeast Florida
๐Ÿ’ผ EBITDA: $800,000
๐Ÿ“Š Revenue: $4,000,000
๐Ÿ“… Established: 1998

๐Ÿ’ญ My 2 Cents: Salon businesses are usually owner-operated, which is why a fully absentee model with 28 years of history immediately stands out. The owner stepped away from day-to-day involvement in 2020 and now only handles payroll and finance, checking in every few weeks. That's possible because two managers with 10-plus years of tenure run the floor, overseeing roughly 70 operators who work as 1099 contractors under revenue-split agreements. The contractor structure is the key here because it keeps labor costs entirely variable, so margins don't collapse when a few chairs go empty. Plus, the business spends nothing on marketing, relying purely on reputation (and repeat business) to fill those chairs. I'd want to understand operator retention rates and what happens to revenue if top stylists leave and take clients with them, whether the 1099 classification has been stress-tested against IRS reclassification guidelines, and what the lease renewal terms look like on a space big enough for 70-plus operators. A buyer who layers in a booking app, loyalty program, or even basic remarketing campaigns (rebooking reminders, lapsed client outreach) could unlock growth the current model has never needed to pursue.

3/ Licensed Adult Daycare Facility

๐Ÿ“ Location: Rhode Island
๐Ÿ’ผ EBITDA: $440,000
๐Ÿ“Š Revenue: $1,100,000
๐Ÿ“… Established: 2014

๐Ÿ’ญ My 2 Cents: The aging population is creating steady demand for adult daycare, but what makes this facility interesting is how well it runs without the owner. The seller doesn't actively manage the business or visit the property regularly, and the staff of 9 already covers every state-required licensed role, including a nurse, mental health counselor, and food service manager. That full clinical team already on payroll matters because recruiting licensed healthcare staff is one of the hardest parts of operating these facilities. Revenue comes through Medicaid and private insurance at roughly $69 per person per day with no out-of-pocket cost to clients, and all referrals flow in organically from social workers, discharge planners, and group homes. I'd want to understand the current daily census versus licensed capacity, how Rhode Island's Medicaid reimbursement rates have trended over the past few years, and whether the licensed positions transfer with the facility or need to be individually re-credentialed under a new owner. With private equity actively consolidating adult daycare centers across the Northeast, a well-staffed standalone operation could eventually attract acquisition interest from multiple directions.

MEMBER SPOTLIGHT

Anthropicโ€™s CEO just predicted that HALF of all entry-level white-collar jobs could be gone before 2030.

If that makes you uncomfortable, you're not alone.

James spent 20 years in San Francisco tech, bouncing between startups. He loved the small teams and the pace, but watching companies shift direction every 18 months terrified him. He wanted something that would last.

So he joined SMB Deal Hunter Pro. Through our AI deal aggregator, he found a business most buyers scrolled right past: a food truck brokerage in Sacramento that doesn't own food trucks and doesn't do any cooking.

They broker between food trucks and corporate clients who need catering for events and gatherings. 3,000 events a year. Growing 20% year over year.

One problem: 15 banks refused to finance it. The seller hadn't planned on retiring until recently, so his tax returns didn't reflect the actual profitability. Every SBA lender looked at the returns and said no.

With our team's support, James went directly to the seller, showed him every rejection, and made his case. The seller agreed to finance 80% of the deal himself. James put 20% down. No SBA loan. No bank. Just a direct deal between buyer and seller.

7 months after joining, he closed. 60 days into ownership, he's already hired three new people to keep up with demand.

4/ Auto Repair and Used Car Dealership

๐Ÿ“ Location: North Carolina
๐Ÿ’ผ EBITDA: $680,000
๐Ÿ“Š Revenue: $3,900,000
๐Ÿ“… Established: 2019

๐Ÿ’ญ My 2 Cents: Most small businesses hit the market because the owner is retiring. This one's different. A partnership dispute has both owners looking to exit, but that doesn't make it less legitimate. It just means you need to dig into why. The current owners acquired this shop in 2025 from the original operator, and what matters for a buyer is what's underneath the dispute. The shop has built partnerships with roughly 90% of insurance and warranty companies in the region, which means a steady stream of referred repair work without any marketing spend. On top of that, neighboring dealerships send overflow work based on the shop's reputation and capabilities, and a team of 7 with managers handles daily operations semi-absentee. I'd want to understand whether those insurance and warranty partnerships are formally assigned to the business entity or tied to the individual partners, what the revenue split looks like between repair work and used car sales, and why a partnership formed just last year is already dissolving. That last question matters most, because the answer tells you whether the underlying business is sound or whether the problems run deeper than a personality clash.

5/ Compliance Certification Business

๐Ÿ“ Location: Ohio (Remote)
๐Ÿ’ผ EBITDA: $440,000
๐Ÿ“Š Revenue: $800,000
๐Ÿ“… Established: 2007

๐Ÿ’ญ My 2 Cents: Most people have never heard of carrier compliance certification, but if you run a trucking company, you can't operate without it. Carriers need to prove they meet federal safety, insurance, and operational standards, and this business is the one that reviews their documentation, tracks their status, and certifies they're in compliance. It's been doing it for nearly two decades, charging annual fees between $15,000 and $60,000 per carrier, with training companies paying a separate membership to submit course materials for review. That creates genuine recurring revenue with minimal variable cost, which is how you get to a 55% margin on a remote team of one part-time contractor and offshore developers. The owner maintains carrier relationships through monthly calls and industry events, but also handles virtually every other function from customer service to invoicing. I'd want to understand the total active member count and annual renewal rate, how proprietary the compliance framework is versus built on standard regulatory requirements, and whether the technology platform needs ongoing development or just maintenance. A buyer doesn't need a transportation background to run this. The owner's workload is operational, not technical, and the margins are already there. Even one or two hires to distribute the key functions would remove the single point of failure without crushing the margins.

COMMUNITY PERKS

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RECENT PODCAST EPISODE

Greg Geronemus bought a bus tour company that sends retirees on group trips to South Africa, Thailand, Cuba, and Antarctica. Not an app. Not SaaS. Not a franchise with sexy unit economics.

He paid $29 million at under 5x with a 50% seller note at 4% interest.

On the surface, it checked none of the boxes. Cyclical. Looked like it would get disrupted by Kayak or Expedia. He almost passed on it entirely.

Four years later, he returned nearly 50% annualized to his investors. Almost 5x their money.

He didn't do it by building a rocket ship. Revenue grew about 50%. Respectable, not explosive.

The real math was simpler. The business threw off so much cash that he paid down $16 million in debt over four years. On $10 million of equity, that debt pay-down alone was generating 30 to 40% annualized returns before any growth at all. Then he sold to a private equity firm at a higher multiple than he paid.

Buying well, de-leveraging, and modest multiple expansion did almost all the work.

And for our audio-only listeners, jump in and listen on Spotify or Apple Podcasts!

THATโ€™S A WRAP

See you tomorrow!

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Disclaimer

This publication is a newsletter only and the information provided herein is the opinion of our editors and writers only. Any transaction or opportunity of any kind is provided for information only; SMB Deal Hunter does not verify nor confirm information. SMB Deal Hunter is not making any offer to readers to participate in any transaction or opportunity described herein.